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Prologis unit prices £500M notes offering

Prologis Inc.'s operating partnership priced its offering of £500 million of 2.250% senior unsecured notes due 2029 at 99.940% of their principal amount.

The operating partnership will use proceeds to fully or partially redeem one or more of its series of senior notes due 2019, with any remaining proceeds to be used for general corporate purposes, including repaying borrowings under its multicurrency senior loan.

The notes will be fully guaranteed by Prologis. The offering is expected to close on or around June 7.